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Serinus Energy Spending Less in Ukraine

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Serinus Energy Spending Less in Ukraine

Serinus Energy Inc. has provide the following update for its operations for the fourth quarter of 2014.

Fourth Quarter Production and Realized Prices Average corporate production for the fourth quarter was approximately 5,409 boe/d (SEN WI), representing a 4% decrease from 5,640 boe/d in the third quarter. Production for the first 20 days of January has averaged 5,259 boe/d. This is below total capacity due to certain surface facility restrictions in Ukraine which will be resolved in May with new compression. Gas and condensate production in Ukraine during the fourth quarter were 23.4 MMcf/d and 84 bbl/d respectively (both volumes are SEN's 70% WI). These volumes are 11% and 2% lower than the third quarter. The decrease was due substantially to: The existing surface facilities are having…
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